Gates of Vienna News Feed 9/29/2008

USABankruptcy of US Banks: Can Islamic Banking Help?Bosnian Immigrants Build Des Moines MosqueDear Hank: Here’s How to End the Credit Crisis at No Cost ... to be strict about credit rating system to restrain chances of any further bankruptcy.Interestingly, since [more...]

Date: 2008-09-30 00:56:00

Blog posts (9) | Videos (6)
 

Is your bank safe and sound?

There have been five north GA banks that have failed last quarter or are on the problem list with cease and desist ordersFreedom Bank, Commerce, ... : *** "Performing"The Bankrate system also rates credit unions. I didn't check banks in Athens ... Specialists.In our neck of the woods, the employment outlook is dim. Unemployment rate increases to 25-year [more...]

Date: 2009-01-02 17:04:00

Credit Score Rating Scale

by William Blake It is important to improve or protect your credit scores ... . If your scores are below 450 it will be almost impossible for you to obtain any type of loan or credit ... system that is used to determine a persons credit scores. But it is helpful to try to understand [more...]

Date: 2009-01-06 14:23:22

Bank Ratings: Is Yours in Trouble?

Chris Brunner at LewRockwell.com has posted a list of all the banks in the United States, ranked by the credit troubles they may be having. The rating system is explained here, but basically if they scored 100 or more, they are in "very serious danger of collapse;" a score of 50 or over means they are "vulnerable."A big thanks [more...]

Date: 2008-12-29 21:24:00

Crisis Deepens; Asian Exports Plunge

For anyone who thinks the Credit Crisis has retired. The rest of the world seems now to be tanking worse than the US ... have been struggling to secure letters of credit, the lubricant of the trading system. Even large banks in Asia ... in an emergency move to unlock the credit market. It cut interest rates to 0.01% on Friday, tantamount [more...]

Date: 2008-12-25 23:48:00

Major Potential Risks to Credit Quality in 2009 - Fitch

Fitch Ratings’ summary of the potential rating impact of some of the more prominent credit market risks for 2009 makes for depressing, but prudent, reading. A year ago, Fitch’s 2008 Outlook presentation identified a number of possible developments for the year. These included banking system crises (though the agency was more concerned regarding [more...]

Date: 2009-01-16 19:48:30

Your Take: Are We In A Recession?

It used to be that the measure of a recession was two consecutive quarters of negative GDP, ... that the economy is expanding at a 1.9% average annual rate. And it takes the National Bureau ... t seen bottom yet. The credit turmoil in the financial system is spreading, most recently reaching [more...]

Date: 2008-08-08 10:18:51

Totally Disconnected: US Government Risk, Ratings, Bonds and Equities

As part of his seemingly ongoing program to remove systemic risks within the financial and corporate matrix, ... ; Poor’s reiterated its “AAA” rating for the United States, credit default swaps spreads for 10-year [more...]

Date: 2009-01-14 06:52:43

Understanding Credit Score Ratings

By William Blake The credit score rating scale is a confusing numeric system to understand ... on your credit report. Also having a lot of outstanding debt with large balances and/or high rates ... That You Need Credit counseling is readily available free of charge to any who desire to better [more...]

Date: 2009-01-05 14:21:43

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